Local Business Tax

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1. How does 146(a) treat separate or distinct establishments or places conducting taxable business? Multiple Choice Easy
2. A retiring business has paid PHP20,000 for the current year. Its tax properly computed on actual current-year gross sal… Multiple Choice Medium
3. A trader operates a separately taxable second line of business in the same premises as a line whose tax was paid. Does … Multiple Choice Medium
4. A manufacturer subject to 150(b)-(c) has one principal office, one factory and a plantation in different localities. It… Multiple Choice Hard
5. A covered manufacturer has a PHP10 million allocable base, one principal office and two factories producing 30% and 70%… Multiple Choice Hard
6. Explain the current-year reconciliation required when a business retires under 145. Apply it to PHP20,000 already paid … Essay Medium
7. Apply 150(b)-(c) to a PHP10 million allocable base with a principal office, factory and plantation, each in a different… Essay Medium
8. A manufacturer has two factories with production shares 30% and 70%. Explain how 150(d) divides the factory portion and… Essay Medium